5 Stocks Raising The Utilities Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 165 points (1.1%) at 15,235 as of Monday, June 17, 2013, 12:50 PM ET. The NYSE advances/declines ratio sits at 2,604 issues advancing vs. 474 declining with 57 unchanged.

The Utilities sector currently is unchanged today versus the S&P 500, which is up 1.0%. Top gainers within the sector include Consolidated Edison ( ED), up 0.8%, Public Service Enterprise Group ( PEG), up 0.8% and TransCanada ( TRP), up 0.6%.

TheStreet Ratings group would like to highlight 5 stocks pushing the sector higher today:

5. EQT ( EQT) is one of the companies pushing the Utilities sector higher today. As of noon trading, EQT is up $1.70 (2.13) to $81.39 on light volume Thus far, 336,863 shares of EQT exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $79.22-$81.40 after having opened the day at $80.04 as compared to the previous trading day's close of $79.69.

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. It operates in three segments: EQT Production, EQT Midstream, and Distribution. EQT has a market cap of $12.0 billion and is part of the utilities industry. The company has a P/E ratio of 57.2, above the S&P 500 P/E ratio of 17.7. Shares are up 35.1% year to date as of the close of trading on Friday. Currently there are 7 analysts that rate EQT a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates EQT as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full EQT Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

4. As of noon trading, PG&E ( PCG) is up $0.38 (0.84) to $45.55 on light volume Thus far, 713,635 shares of PG&E exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $45.35-$45.79 after having opened the day at $45.35 as compared to the previous trading day's close of $45.17.

PG&E Corporation, through its subsidiaries, operates as a public utility company in northern and central California. PG&E has a market cap of $19.8 billion and is part of the utilities industry. The company has a P/E ratio of 23.5, above the S&P 500 P/E ratio of 17.7. Shares are up 12.4% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate PG&E a buy, no analysts rate it a sell, and 8 rate it a hold.

TheStreet Ratings rates PG&E as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. Get the full PG&E Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

3. As of noon trading, Edison International ( EIX) is up $0.43 (0.91) to $47.58 on average volume Thus far, 1.6 million shares of Edison International exchanged hands as compared to its average daily volume of 2.7 million shares. The stock has ranged in price between $47.49-$48.05 after having opened the day at $47.76 as compared to the previous trading day's close of $47.15.

Edison International, through its subsidiaries, generates and distributes electric power. It also invests in transportation infrastructure and energy assets, including renewable energy in the Netherlands, Australia, Switzerland, and the United Kingdom. Edison International has a market cap of $15.2 billion and is part of the utilities industry. The company has a P/E ratio of 9.2, below the S&P 500 P/E ratio of 17.7. Shares are up 4.3% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate Edison International a buy, 1 analyst rates it a sell, and 4 rate it a hold.

TheStreet Ratings rates Edison International as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Edison International Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

2. As of noon trading, NextEra Energy ( NEE) is up $1.01 (1.27) to $80.74 on average volume Thus far, 930,138 shares of NextEra Energy exchanged hands as compared to its average daily volume of 1.8 million shares. The stock has ranged in price between $80.32-$80.95 after having opened the day at $80.39 as compared to the previous trading day's close of $79.73.

NextEra Energy, Inc., through its subsidiaries, engages in the generation, transmission, distribution, and sale of electric energy in the United States and Canada. The company is involved in the generation of renewable energy from wind and solar projects. NextEra Energy has a market cap of $33.6 billion and is part of the utilities industry. The company has a P/E ratio of 17.0, below the S&P 500 P/E ratio of 17.7. Shares are up 15.2% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate NextEra Energy a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates NextEra Energy as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full NextEra Energy Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

1. As of noon trading, Dominion Resources ( D) is up $0.61 (1.09) to $56.65 on average volume Thus far, 1.7 million shares of Dominion Resources exchanged hands as compared to its average daily volume of 2.6 million shares. The stock has ranged in price between $56.20-$57.12 after having opened the day at $56.35 as compared to the previous trading day's close of $56.04.

Dominion Resources, Inc., together with its subsidiaries, engages in producing and transporting energy in the United States. The company operates through three segments: Dominion Virginia Power (DVP), Dominion Generation, and Dominion Energy. Dominion Resources has a market cap of $32.6 billion and is part of the utilities industry. The company has a P/E ratio of 102.5, above the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Dominion Resources a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Dominion Resources as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Dominion Resources Ratings Report now.

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

If you are interested in one of these 5 stocks, ETFs may be of interest. Investors who are bullish on the utilities sector could consider Utilities Select Sector SPDR ( XLU) while those bearish on the utilities sector could consider ProShares UltraShort Utilities ( SDP).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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